Ryanair shares stronger, but flybe shares drop
Ryanair shares gained 2.8% in trading yesterday, with the carrier upbeat on the prospects for its full-year results. Its small third quarter loss was an admitted disappointment, but the carrier is confident that its full-year results will be to the high side of its EUR380-400 million net profit target.
Shares in UK-based regional carrier flybe dropped 2.7% on Tuesday. The carrier listed in 2010 at 295 pence per share, but rose to a high of 343 pence in Dec-2010. For the year to date, flybe shares have declined 3.4%. The carrier suffered losses of at least GBP6 million in the Dec-2010 snow storms, but it is continuing its expansion at regional airports, operating new routes to holiday destinations.
Selected European airlines daily share price movements (% change): 01-Feb-2011